Horizon Investments Portfolio holdings

AUM $3.36B

This Quarter Return

-0.09%

1 Year Return

+8.64%

3 Year Return

+33.4%

5 Year Return

+129.25%

10 Year Return

+212.12%

AUM

$3.36B

AUM Growth

-$130M (-4%)

Cap. Flow

-$69.1M

Cap. Flow % of AUM

-2.06%

Top 10 Holdings %Top 10 Hldgs %

53%

Holding

926

New

Increased

542

Reduced

146

Closed

Top Buys

1	iShares Core MSCI International Developed Markets ETF IDEV	$158M
2	Invesco S&P 500 Equal Weight ETF RSP	$51.8M
3	iShares Core Dividend Growth ETF DGRO	$31.3M
4	JPMorgan BetaBuilders Europe ETF BBEU	$23.1M
5	PIMCO Multi Sector Bond Active ETF PYLD	$12.1M

Top Sells

1	iShares MSCI USA Quality Factor ETF QUAL	$184M
2	SPDR Portfolio S&P 500 Growth ETF SPYG	$77.2M
3	SPDR Portfolio S&P 500 Value ETF SPYV	$37.7M
4	iShares MSCI Japan ETF EWJ	$23.1M
5	SPDR Portfolio Developed World ex-US ETF SPDW	$23M

Sector Composition

1	Technology	7.4%
2	Financials	3.22%
3	Healthcare	2.85%
4	Industrials	2.31%
5	Consumer Discretionary	2.29%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 SPDR Portfolio S&P 500 Growth ETF SPYG $38.3B	$370M	11.04%	4,609,555 -960,290	-17%	-$77.2M
2	2 SPDR Portfolio S&P 500 Value ETF SPYV $26.7B	$258M	7.7%	5,059,600 -737,761	-13%	-$37.7M
3	3 iShares Core MSCI International Developed Markets ETF IDEV $20.1B	$251M	7.49%	3,648,012 +2,295,068	+170%	+$158M
4	4 SPDR Portfolio Developed World ex-US ETF SPDW $26.8B	$228M	6.78%	6,250,807 -632,653	-9%	-$23M
5	5 Invesco S&P 500 Equal Weight ETF RSP $73B	$218M	6.5%	1,258,767 +299,242	+31%	+$51.8M
6	6 SPDR Portfolio Emerging Markets ETF SPEM $12.4B	$176M	5.23%	4,458,446 -19,216	-0.4%	-$757K
7	7 iShares Core S&P Small-Cap ETF IJR $80.4B	$76.1M	2.27%	727,331 -31,811	-4%	-$3.33M
8	8 iShares MSCI USA Min Vol Factor ETF USMV $23.3B	$74.6M	2.22%	796,075 +111,067	+16%	+$10.4M
9	9 iShares Core MSCI Emerging Markets ETF IEMG $98.4B	$66.1M	1.97%	1,225,231 -149,630	-11%	-$8.08M
10	10 iShares Core S&P Mid-Cap ETF IJH $95.8B	$60.3M	1.8%	1,032,772 +78,646	+8%	+$4.59M
11	11 iShares MSCI USA Value Factor ETF VLUE $6.66B	$31.6M	0.94%	296,317 -30,105	-9%	-$3.21M
12	12 iShares Core Dividend Growth ETF DGRO $32.1B	$31.3M	0.93%	507,236 +507,129	+473,952%	+$31.3M
13	13 Schwab US Dividend Equity ETF SCHD $70.1B	$31.1M	0.93%	1,111,414 -25,190	-2%	-$704K
14	14 SPDR DoubleLine Total Return Tactical ETF TOTL $3.79B	$29.3M	0.87%	733,837 +61,771	+9%	+$2.47M
15	15 VanEck Fallen Angel High Yield Bond ETF ANGL $2.93B	$29.3M	0.87%	1,026,701 +6,455	+0.6%	+$184K
16	16 Janus Henderson Mortgage-Backed Securities ETF JMBS $5.84B	$27M	0.8%	601,943 +158,667	+36%	+$7.11M
17	17 iShares Core US Aggregate Bond ETF AGG $128B	$24.6M	0.73%	249,849 -18,123	-7%	-$1.78M
18	18 PIMCO Multi Sector Bond Active ETF PYLD $6.01B	$24.4M	0.73%	933,723 +462,901	+98%	+$12.1M
19	19 Vanguard FTSE Developed Markets ETF VEA $162B	$24M	0.71%	471,420 -22,476	-5%	-$1.14M
20	20 Invesco KBW Bank ETF KBWB $4.72B	$24M	0.71%	381,688 -10,029	-3%	-$630K
21	21 iShares MSCI Japan ETF EWJ $14.6B	$23.6M	0.7%	343,880 -337,443	-50%	-$23.1M
22	22 JPMorgan BetaBuilders Europe ETF BBEU $4.53B	$23.1M	0.69%	374,006 +373,252	+49,503%	+$23.1M
23	23 NVIDIA NVDA $4.16T	$21.8M	0.65%	201,380 -12,055	-6%	-$1.31M
24	24 Apple AAPL $3.12T	$21.7M	0.65%	97,964 +3,293	+3%	+$731K
25	25 Microsoft MSFT $3.76T	$21M	0.63%	56,025 +17,547	+46%	+$6.59M